Wall Street declines as jobs data disappoints investors
U.S. stocks tumble after government employment report shows weaker job growth and higher unemployment. Nasdaq dives over 3.5 percent while Dow and S&P 500 slide with continued banking sector strain and a Fed pledge to widen loan auctions. Merck Vioxx settlement challenge eyed as lawyers dispute advice provisions.
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Wall Street
Intel Corp
Dow
Standard & Poor
Merck & Co
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Jobless rate at five percent signals recession risk
The December employment report shows the unemployment rate rising to 5 percent, the highest in two years, with welfare hiring slowing and private payrolls shrinking. White House weighing tax cuts as a possible economic stimulus, amid housing slump and credit crunch. Wall Street fell on the data as officials discuss Fed rate cuts. President Bush met with advisers and signaled readiness to act in January State of the Union to unveil a stimulus plan.
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Wall Street
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Naroff Economic Advisors
Warner Bros moves to Blu-ray format for all releases
Warner Bros. Entertainment will release movie discs only in Blu-ray, ending dual-format production and aligning with Sony. The shift reflects consumer preference for Blu-ray, aiming to reduce format confusion and bolster mass market success. Blu-ray outsold HD DVD in several regions, and Warner noted set-top player sales as a key indicator.
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Warner Bros. Entertainment
Warner Bros
Time Warner Inc
Sony Corp
Toshiba Corp
Warner
Barry Meyer
U.S
Gener
Kevin Tsujihara
Warner Bros. Home Entertainment Group
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Japan
Tsujihara
Warner Home Video
Reed Saxon
AP File
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Agricultural commodity and metal prices mixed on exchanges
Wheat and oats rose and fell across futures on the Chicago Board of Trade and Chicago Mercantile Exchange with March wheat at 9.315 a bushel and March corn at 4.6675. Live cattle and lean hogs declined while soybeans slipped to 12.625 a bushel. local farm markets show varied prices at Ottawa Edgerton Overbrook Midland and other elevators with soybeans around 11.58. Nonferrous metals and precious metals also quoted with copper at 3.1415, zinc 1.1779, gold 863.10, silver 15.346, platinum 1539.10 per troy ounce.
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Ottawa Cooperative Association
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Lawrence South
Mito
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